Iona, MN vs Wabasso, MN

Iona, MN and Wabasso, MN have a very similar cost of living, with only a 1% difference in their overall index. Iona scores 61 while Wabasso scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Iona is $750/month compared to $633/month in Wabasso — a 19% difference. Interestingly, home values tell a different story: while Wabasso has cheaper rent, Iona actually has lower median home values ($54,300 vs $105,100).

Median household income in Iona is $44,167 compared to $63,900 in Wabasso (-30.9%). While Wabasso is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iona spend roughly 20.4% of their income on rent, more than the 11.9% in Wabasso.

Climate-wise, both cities share similar average temperatures (45.1°F vs 45.4°F). Iona receives more rainfall at 29.6" per year compared to 28" in Wabasso.